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Diversified Fleet Services Illinois Clip Of The Day
Deal Will Create Huge Oil RefinerEL PASO, Texas -- Western Refining Inc. is buying Giant Industries Inc. for $1.23 billion in cash, creating the fourth-largest publicly traded independent oil refiner in the United States. News of the deal sent Giant Industries' shares up 15 percent Monday.
The combined company will have the capacity to handle about 216,000 barrels a day from four refineries. That is about 84 percent more than Western's current capacity. Western already has a refinery in El Paso, where it is based. The deal will give it an East Coast presence with a refinery in Yorktown, Va., and two refineries in northern New Mexico.
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Services AltaGas American Red ... Union SDA (pdf) University of Illinois VNU (pdf) HOMEPRIVACYTERMS ...
